Business Support Services Manager

• 

  Location

  (DUBAI) and various

• 

  Job Reference

  19995

• 

  Functional Area/Experience

  Business, Accounting & Finance / Fresh Graduate

Job Description & Qualifications

Emirates Islamic was launched in 2004 to deliver the highest standards of banking services in line with the highest standards of Shari'a principles. Offering a broad range of products designed for individuals and small businesses as well as large corporations, Emirates Islamic is the right choice for those looking for excellence in managing their finances.

Job Purpose:

• Handling both Agency and Participation Bank in Syndication deals.
• Handling fee recoveries and Managing fee based on credit facility agreements for participant deals.
• Handling Nostro reconciliation entries on daily basis including sundry reconciliation.
• Handling Agent Bank Queries & RM Queries for syndication process & Limit Maintenance activities.
• Ensure all Conditions Precedents are met and collaterals are valid.
• To co-ordinate with Legal & Sharia to ensure compliance with banks policies and procedures.
• Implementing Legal/ documentation policies and procedures of the Bank, relevant guidelines of UAE Central Bank/Government.

Job Content:

Syndicate Operations (Corporate / FI):

• To check syndicate documents are in line with the approvals / Conditions Precedents are met and collaterals are valid.
• To ensure all collateral are valid and enforceable and obtained as per the laws, regulations and internal policy and procedures.
• Performance of checking of the syndicate facility agreements / other documentation to ensure that all requirements have been fulfilled and authorized by the designated personnel for Business units.
• Co-ordinate with all the stakeholders (Internal / External) to ensure smooth execution.
• Ensure to keep a track of exceptions if any are approved by appropriate authorities with a target date for regularization.
• To Provide instruction to limit loading unit to load customer limits in the system/ or any other required action.
• To Prepare the booking details and send to the relevant team for bookings.
• Keeping track of all the repayments / roll overs / risk participations and the same to be processed on time.

FI Operations:

• To check the terms and condition as per credit approval.
• To prepare Letter of Undertaking for Trade Finance transactions
• To prepare the booking details and send to relevant team for bookings
• To send Murabaha Offer to customer for acceptance
• To send the SWIFT copy to customer
• To update Trade Financing sheet to ensure no maturities missed out
• Taking care of Sell Down and Risk Participation (Funded and Non-Funded)
• Keeping track of all the repayments and the same to be processed on time
• Further responsibilities participate and contribute with other areas under Documentation team
• Adheres to basic principles of bank’s procedures and policies wherever applicable
• Available for all training courses, Gathering and Meeting if required.

About YOU:

• Bachelor Degree
• Experience in FI and Syndicate Operations.
• Sound credit knowledge/understanding of credit risks
• Good report writing skills.
• Good understanding of the Banks’ systems, processes and Legal environments and documentation.
• Sound knowledge on functioning of core system for Syndication and FI.